{"id":13993,"date":"2018-07-27T16:27:59","date_gmt":"2018-07-27T10:57:59","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=13893"},"modified":"2018-07-27T16:27:59","modified_gmt":"2018-07-27T10:57:59","slug":"dhanuka-agritech-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/dhanuka-agritech-ltd\/13993","title":{"rendered":"Dhanuka Agritech Ltd"},"content":{"rendered":"<p>Dhanuka Agritech is the second largest Indian agrochemicals formulation company, which is engaged in manufacturing of a wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides and plant growth regulators of various forms.<\/p>\n<p><strong>Outlook and Valuation:<\/strong> We believe Dhanuka\u2019s strong product portfolio of over 80 brands with two third sales coming from Specialty molecules coupled with widespread distribution network and increased new launches makes this stock an attractive bet. The company has an asset light business model with robust operating cash flows, negligible debt levels and healthy return ratios. Further, increased budgetary allocation by the government towards agriculture sector, hike in MSP of crops and good monsoon augurs well for the demand outlook. Hence, we recommend \u2018BUY\u2019 rating on the stock with a target price of Rs 618 based on 20x FY20E EPS.<\/p>\n<p><a href=\"https:\/\/blog.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/Research-Report-Dhanuka-Agritech-Ltd.pdf\">Research-Report -Dhanuka Agritech Ltd<\/a><\/p>\n<p><em>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<\/em><a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\"><em>Click here<\/em><\/a><em>\u00a0to read our full disclaimer.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dhanuka Agritech is the second largest Indian agrochemicals formulation company, which is engaged in manufacturing of a wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides and plant growth regulators of various forms. Outlook and Valuation: We believe Dhanuka\u2019s strong product portfolio of over 80 brands with two third sales coming from Specialty molecules coupled [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[566],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dhanuka Agritech Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/dhanuka-agritech-ltd\/13993\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dhanuka Agritech Ltd\" \/>\n<meta property=\"og:description\" content=\"Dhanuka Agritech is the second largest Indian agrochemicals formulation company, which is engaged in manufacturing of a wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides and plant growth regulators of various forms. 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